As the latest existing home sales report cautioned, with NAR chief economist Larry Yun warning that “housing affordability continues to be a major challenge…”
After unexpectedly plunging in January, pending home sales were expected rebound very modestly in February (despite both new- and existing-home-sales tumbling as mortgage rates
As a result of the recent spike in rates, economists are now lowering their home sales forecasts for this year.
The U.S. bond market reeled further on Tuesday, extending Monday’s declines after Federal Reserve Chair Jerome Powell’s aggressive rate hike comments drove yields on
Existing home sales plunged a bigger than expected 7.2% MoM in February – the biggest MoM drop in existing home sales since May 2020…
Mortgages and other interest rates are rising and likely to keep going up with the Federal Reserve ending easy-money policies adopted during the pandemic.
Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk posted in a Twitter thread on Monday advising followers to own “physical things” when inflation is high.
Russia’s invasion of Ukraine and the sanctions that have been levied against it have sent shockwaves through global energy markets. Inventories in major
After two soggy coupon auctions earlier this week, which saw both the 3Y and 10Y sales tail modestly with subpar internals, moments ago the
U.S. consumers paid more for a variety of goods and services in February compared to the prior month and year, with prices climbing across
Consumer prices rose 7.9% in February, as compared to the same month in 2021, according to data from the Labor Department released in January.
With the Biden administration already setting the narrative yesterday that today’s inflation print could be ‘high’, and expectations for a headline print of +7.9%
The Fed took an unprecedented as well as illegal action on Russia that constitutes economic warfare and may easily start a currency crisis or
President Joe Biden signed an executive order on Wednesday mobilizing the federal government to create a strategy for digital assets like cryptocurrencies that promotes
The global economy had only just begun to recover from the pandemic when Putin decided to invade Ukraine, sending oil prices soaring.
One-year U.S. inflation expectations have rocketed higher since Russia’s invasion of Ukraine and the longer-term outlook has begun increasing as well, a development likely
Many pros predict that mortgage rates will continue to rise in 2022, but expect ups and downs along the way. We looked into the
Mortgage rates dipped further away from 4% this week, following the decline in the 10-year Treasury yield amid intensifying fighting in Ukraine. The rate
Federal Reserve Chair Jay Powell said Wednesday that he expects the central bank to raise interest rates by a quarter-point this month, despite the
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